Alex Berenson Quotes

In general, great companies prefer to grow 'organically,' as Wall Street likes to say. That is, from the inside out, by finding new markets or by taking market share from their competitors.

Alex Berenson

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Quotes to Explore

• Automated call centers are only the most obvious way speech recognition will be used. The software is now becoming sophisticated enough to identify speakers through 'voiceprints,' akin to fingerprints, eventually reducing the need for personal identification numbers.

  

  Alex Berenson

• Insider trading is hard to prove. To be convicted, a person must have bought or sold a stock based on material information that is both unknown to the general public and likely to have had an important effect on a company's stock price.

  

  Alex Berenson
  • Important
  • Unknown
  • Stock

• For value investors, General Motors is a tempting target. The company's share of the North American auto market has steadily declined for two decades, and analysts say the company suffers from weak management and unexciting cars.

  

  Alex Berenson
  • American
  • Value
  • Management

• John W. Snow was paid more than $50 million in salary, bonus and stock in his nearly 12 years as chairman of the CSX Corporation, the railroad company. During that period, the company's profits fell, and its stock rose a bit more than half as much as that of the average big company.

  

  Alex Berenson
  • Period
  • Rose
  • Stock

• Because Genentech is a leading developer of cancer therapies, some doctors also fear that the company's pricing plans for Avastin - around $8,800 a month - may encourage other companies to charge more for their own oncology drugs.

  

  Alex Berenson
  • May
  • Fear
  • Cancer

• The difference between microeconomics and macroeconomics is a bit like the difference between biology and medicine. Knowing that certain genes increase the risk of cancer is relatively easy. Figuring out exactly which people will get sick, or how to cure them, is a lot more complicated.

  

  Alex Berenson
  • People
  • Risk
  • Sick

• Sergeant Bergdahl may have broken any number of military laws.

  

  Alex Berenson
  • May
  • Military
  • Broken

• At any moment, one company stands in the spotlight of the middle ring in the stock market's never-ending circus. It may not be the biggest corporation in the world, or the most profitable, but somehow it both mirrors and leads the market's broader action.

  

  Alex Berenson
  • World
  • May
  • Action

• Individual income can grow only as fast as productivity rises.

  

  Alex Berenson
  • Productivity

• Business cycles lengthened greatly during the 20th century, as central banks learned to manage national economies by raising and lowering interest rates.

  

  Alex Berenson
  • Business

• Many newly public companies are able to post a year or two of strong sales growth off a small base, but their growth almost always slows over time, thanks to what investment professionals call 'the law of large numbers.'

  

  Alex Berenson
  • Time
  • Strong
  • Small

• Companies buy customers when they cannot win new business on their own. They merge when their executives do not have a better idea of what to do.

  

  Alex Berenson
  • Business

• It's one of the fundamental principles of the stock market: When interest rates go up, stocks go down. And along with financial companies and cyclicals, technology companies - with their sky-high price-to-earnings multiples - should be among the biggest losers in an environment of rising rates.

  

  Alex Berenson
  • Up
  • High
  • Technology

• From 1983 to 2000, William Goren stole more than $30 million from investors on Long Island and in Queens. His favorite targets were widows and retired couples, like Helga and Simon Novack, Holocaust survivors who gave Mr. Goren their life savings.

  

  Alex Berenson
  • Life
  • Long
  • Holocaust

• Climate change might be disastrous, but does that mean we want carbon taxes that raise the price of a gallon of heating oil to $10? And how exactly will those taxes affect economic growth?

  

  Alex Berenson
  • Growth

• An attack on the scale of Sept. 11 would rock the markets and the economy.

  

  Alex Berenson
  • Rock

• Institutions like mutual funds often worry that if they disclose their plans to buy a stock, copycats will move quickly and drive up the stock before the purchase is completed.

  

  Alex Berenson
  • Up
  • Worry
  • Stock

• A vote of confidence from Cisco Systems can be very important to fledging technology companies, especially if they have initial public offerings on the horizon.

  

  Alex Berenson
  • Important
  • Technology
  • Confidence

• Of course, the discounting of future earnings should hurt all stocks. But it should hurt technology stocks more than others, because so many of them are valued at extremely high levels relative to their current earnings.

  

  Alex Berenson
  • High
  • Future
  • Technology

• It's no secret that big institutional investors have a lot of advantages on Wall Street. They get the first chance to buy hot initial public offerings. They get to meet in person with companies' managements.

  

  Alex Berenson
  • Wall

• The market always, in theory at least, looks ahead. And it's always trying to take in every bit of information that it can as quickly as it can. You don't really care so much if the company made a dollar last year; you want to know what it's going to make this year.

  

  Alex Berenson
  • Trying

• Determining how many asbestos suits have been filed or how much companies have spent to resolve them is difficult. Cases are filed in state and federal courts, and many companies do not disclose their spending on settlements.

  

  Alex Berenson

• When all the plants in a region are running at full steam, there is simply no way to get more power.

  

  Alex Berenson
  • Power
  • Running

• In general, great companies prefer to grow 'organically,' as Wall Street likes to say. That is, from the inside out, by finding new markets or by taking market share from their competitors.

  

  Alex Berenson
  • Great
  • Wall